Argentina's Neuquén province to invest $1 billion in irrigation for 50,000 hectares

Neuquén province in Argentina is set to launch a major agricultural initiative, dubbed the "other Vaca Muerta," with an investment of US$1 billion. The project aims to bring more than 50,000 hectares of land under irrigation, significantly expanding the region's agricultural capacity.

This ambitious plan seeks to transform arid or semi-arid lands into productive farming areas, fostering diverse agricultural outputs. The comparison to Vaca Muerta, Argentina's prolific shale oil and gas formation, highlights the provincial government's expectations for substantial economic returns and job creation from this agricultural development.

The investment is expected to support various agricultural productions, potentially boosting both domestic supply and export markets. By improving water management and land use, Neuquén aims to solidify its position as a key agricultural hub within Argentina, leveraging its natural resources for economic growth.